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NEC forecasts loss, plans to cut 15,000.(Company Operations)(Brief Article)

InfoWorld

| February 22, 1999 | COPYRIGHT 2003 InfoWorld Media Group, Inc. (Hide copyright information)Copyright

NEC last week forecast a record loss for the current fiscal year and announced a major restructuring that will cut 15,000 jobs worldwide in the next three years and split up NEC's loss-making PC unit, Packard-Bell NEC. The announcement marks NEC's first major reorganization and one of the most radical restructuring plans yet announced by a Japanese computer and electronics maker. Under the plan, NEC will …

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